The bear market is over, but…

Stocks are going up The commonly accepted definition of a bull market is when the price rises by 20% from its low point. And this past week the S&P 500 shot up to 4,170 points marking a 20% gain from its low back in October 2022. So the bear market is officially over and we are technically in… Read More »

My new 2023 goals

The act of writing down goals, and tracking them over time greatly improves the chances of achieving the outcomes you want. So this year I have 5 new goals I want to accomplish for 2023. 2022 goals Increase household net worth by $150,000 Since I am no longer earning money from a 9 to 5 job I expect… Read More »

Top 5 Life Lessons from Charlie Munger

Charles T. Munger is an American billionaire investor, businessman, and former lawyer. He runs Berkshire Hathaway with Warren Buffett. I’m sure he has enough savings to retire. But he just turned 99 this week and is still working. Maybe someone should introduce him to the idea of FIRE. 😁 Buffett has described Munger as his closest partner and… Read More »

Year end goals review – 2022

A year of unexpected challenges At the beginning of this year I set out to accomplish 6 goals. In the end I only managed to complete 3 out of 6, lol. Next year I shall lower my expectations. What caught me by surprise was how unique this year has been for the economy and financial markets. Over the… Read More »

Declining net worth across the country

Not the best year for investors The collective net worth of Canadians fell by $332 billion in the third quarter of this year. That’s about $8,700 per person. If we annualize this amount it comes out to roughly $35,000. Unfortunately RBC is forecasting further decline to net worth until the second quarter of 2023.   Asset prices across… Read More »